Ira and Gail Mondry Create Professorial Chair Funded in Part with Income from a Charitable Lead Trust

Ira Mondry has been actively involved with Weizmann for more than 20 years. He now serves on the International Board of Governors of the Institute, the Board of Directors of the American Committee, and as Chair of the Michigan region.

Ira and his wife, Gail, are passionate about Weizmann science, believing that it is of tremendous importance to Israel and to the world. Over many years of involvement, Ira and Gail have been greatly inspired by meetings with the Institute’s scientists in their labs, in social settings, and at Weizmann events.

Before serving as Chair of the Michigan Region, Ira chaired the region’s planned giving program. During that time, he explored the best way he could make a gift of lasting significance to Weizmann. Ira and Gail decided to establish a charitable lead trust.

The charitable lead trust, established in 2001, will make payments to Weizmann for 40 years. Principal will then be distributed to a trust to benefit their three sons and future generations at vastly reduced gift and estate tax. According to Ira, "For me, a charitable lead trust was a way to do good in the near term and pass assets to my heirs in an advantageous way." Ira and Gail also hope that this trust will help to inspire their sons’ interest in Weizmann.

In 2001, Ira succeeded his longtime friend, Norman Cohen, as Chair of the Weizmann’s national Planned Giving program. He then made a new pledge of support at the President’s Circle level. His parents, David and Miriam Mondry, had established the Mondry Fund for Instrumentation. Ira has pledged to add assets to this fund to grow it into the "Mondry Family Professorial Chair." Ira and Gail plan to contribute as much as possible during their lifetime, with any balance payable from their estate.

Ira and Gail served on the National Planning Committee of the 2009 Global Gathering, "The Path to Discovery," where presentations were made on exciting breakthroughs in cancer research; astrophysics; and a possible vaccine to treat depression, anxiety, and memory loss.

While Ira and Gail are fascinated with all research being done at Weizmann, Alzheimer’s research is of strong interest, because Gail’s father died of Alzheimer’s. The presentation at the Global Gathering by Prof. Michal Schwartz about development of a vaccine that may one day help to slow down disease progression in Alzheimer’s and Parkinson’s was cited as just one example of the potential of Weizmann’s groundbreaking research to improve lives of people around the globe.